Hassan Maishera
TL;DR
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Bitwise is set to acquire institutional staking services provider Chorus One, according to Bloomberg.
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However, the companies did not disclose the financial terms of the deal.
Bitwise to Acquire Chorus One
Cryptocurrency asset manager Bitwise Asset Management is set to acquire institutional staking services provider Chorus One, according to a Bloomberg report.
This latest development will expand Bitwise’s suite of yield-generating products. Bloomberg added that the companies did not disclose the size of the acquisition
"For our thousands of clients who hold spot crypto assets, staking is one of the most compelling growth opportunities," Bitwise CEO Hunter Horsley said in the report.
Bitwise is one of the leading digital asset managers, with over $15 billion in assets under management. The company has been steadily broadening its offerings beyond single-product crypto funds.
Yesterday, the company launched model portfolio solutions designed to help financial advisers allocate across digital assets with varying risk profiles.
This latest development wouldsee Bitwise enter the staking ecosystem. Chorus One operates staking infrastructure and oversees roughly $2.2 billion in staked assets.
While speaking to Bloomberg, Chorus One CEO Brian Fabian Crain stated that consolidation had become increasingly inevitable. "It was also clear that staking is best integrated in a larger platform," he added.
Staking has become a crucial part of the cryptocurrency ecosystem, with several blockchains now running the proof-of-stake mechanism.
The acquisition also reflects a growing number of M&A deals in the crypto sector, which surged to record levels in 2025. Over 265 M&A deals were completed for $8.6 billion in 2025, nearly 400% higher than what was reported in 2024.
